IWMI (IWMI) High-Income ETF Calculator
Calculate IWMI total returns with DRIP scenarios, analyze high dividend yields, and track covered call performance. Specialized tools for income-focused NEOS ETF investing.
Last updated: Market close
📋 Covered Call Strategy Overview
IWMI employs a synthetic covered call strategy to generate high income distributions. The fund focuses on Russell 2000 Stocks optionsto collect premiums while maintaining exposure to the underlying assets. Note: High yields come with increased volatility and potential NAV erosion.
IWMI Total Return Performance (With vs Without DRIP)
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Performance Analysis Methodology
- • Alpha Vantage API for historical prices
- • Real dividend payment dates and amounts
- • Actual ex-dividend date pricing
- • No simulated or estimated data
- • DRIP assumes reinvestment at market price
- • Total return includes all distributions
- • Price return excludes dividend payments
- • All returns are time-weighted
Dividend Calculator for IWMI (With or Without DRIP)
Investment Parametersfor IWMI
Adjust parameters for IWMI or modify to see different scenarios.
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IWMI Investment Growth Projection
Projected growth and dividend income after 20 years of investing in IWMI
Total Value
$1,830,271
Total Dividends
$1,935,227
Total Contributions
$130,000
Capital Gains
-$234,955
Year-by-Year Breakdown
Detailed breakdown of your investment growth over time
Disclaimer: These calculations are hypothetical projections for educational purposes only. Actual investment returns may vary significantly due to market conditions, dividend changes, and other factors. Not financial advice - consult a qualified advisor before investing.
IWMI Dividend History & Analysis
Complete distribution history with yield calculations and payment tracking
| Ex-Date | Pay Date | Amount | Ex-Div Price | Yield |
|---|---|---|---|---|
| 8/20/2025 | 8/22/2025 | $0.562 | $46.32 | 15.8% |
| 7/23/2025 | 7/25/2025 | $0.562 | $46.68 | 15.6% |
| 6/25/2025 | 6/27/2025 | $0.557 | $44.88 | 16.1% |
| 5/21/2025 | 5/23/2025 | $0.553 | $43.65 | 16.5% |
| 4/23/2025 | 4/25/2025 | $0.498 | $41.54 | 15.6% |
| 3/26/2025 | 3/28/2025 | $0.569 | $44.90 | 16.5% |
| 2/26/2025 | 2/28/2025 | $0.583 | $47.10 | 16.1% |
| 1/22/2025 | 1/24/2025 | $0.609 | $49.90 | 15.9% |
| 12/24/2024 | 12/26/2024 | $0.611 | $49.55 | 16.0% |
| 11/20/2024 | 11/22/2024 | $0.634 | $52.11 | 15.8% |
| 10/23/2024 | 10/25/2024 | $0.624 | $50.63 | 16.0% |
| 9/25/2024 | 9/27/2024 | $0.623 | $50.58 | 16.0% |
Distribution Trends
- Highest Distribution:$0.658
- Lowest Distribution:$0.498
- Distribution Consistency:Variable
- Payment Schedule:Every 4 Weeks
- Payment Reliability:Consistent
🔍 Yield Analysis
- Current Forward Yield:14.0%
- 6-Month Avg Yield:17.4%
- Yield Stability:Moderate
- vs Traditional Dividends:Much Higher
Data Source
- • Real distribution data from Alpha Vantage API
- • Historical dividend amounts and ex-dividend dates
- • 15 distributions in our database
- • Payment dates calculated (ex-date + 2 business days)
Important Notes
- • IWMI pays monthly on irregular dates
- • Ex-dates typically on Wednesdays, pay dates on Fridays
- • Distribution amounts vary based on options premium
- • Distributions often qualify as return of capital (tax-deferred)
IWMI "House Money" Calculator
Calculate when distributions equal your initial investment - playing with "house money"
Distribution Timeline to Break Even
⚠️ Important Considerations
- • Calculations assume current yield remains constant (distributions may vary)
- • ETF price may decline during holding period, affecting total return
- • "House money" concept ignores opportunity cost of alternative investments
- • Tax implications on distributions should be considered
- • Past performance does not guarantee future results
IWMI Price vs Dividend Relationship
Track how IWMI price movements affect distribution yields over time
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Recent Data Summary
| Month | Price | Distribution | Yield |
|---|
Key Relationships
- • Inverse Correlation: As price drops, yield increases
- • Distribution Variability: Payouts fluctuate with market conditions
- • Yield Amplification: Price declines magnify yield percentages
- • Income Consistency: Dollar amounts vary but payments continue
⚠️ Important Considerations
- • High yields often indicate price depreciation
- • Focus on total return, not just yield percentage
- • Distribution cuts can occur during market stress
- • Options premiums drive distribution amounts
| Metric | IWMI | SPY | QQQ |
|---|---|---|---|
| YTD Price Return | -12.5% | +8.2% | +15.1% |
| YTD Total Return | +25.2% | +8.2% | +15.1% |
| 1-Year Total Return | +35.8% | +12.5% | +18.3% |
| Current Yield | 14.0% | 1.8% | 0.6% |
✅IWMI Advantages
- • Ultra-high dividend yield for income investors
- • Strong total return performance including distributions
- • Monthly income payments
- • Potential outperformance in sideways markets
Trade-offs vs Index ETFs
- • Price depreciation vs capital appreciation
- • Higher volatility and complexity
- • Tax implications of frequent distributions
- • Performance depends on options market conditions
IWMI Comparative Performance Chart
Interactive comparison of IWMI total returns vs SPY and QQQ benchmarks
IWMI Distribution Schedule
Monthly Distributions
Typical Schedule Pattern
Projected Distribution Dates
NEOS Monthly Schedule: IWMI follows NEOS Investments' monthly distribution schedule with declarations typically on Tuesday, ex-dividend on Wednesday, and payments on Friday. Dates may shift for holidays or market closures. Verify dates on the official NEOS distribution calendar.
Tax Considerations for High-Income ETFs
Return of Capital (ROC)
- • NEOS ETFs may include ROC in distributions
- • ROC reduces your cost basis (not immediately taxable)
- • Final ROC amounts available in year-end tax documents
Income Planning
- • Consider holding in tax-advantaged accounts when possible
- • Monthly distribution frequency may complicate tax planning
- • Consult tax professionals for personalized advice
Important Disclaimer
This website is for educational and informational purposes only. We do not provide financial advice, investment recommendations, or guarantees about the accuracy of information presented. All calculations, yield estimates, and projections are hypothetical and should not be considered guaranteed returns. Past performance does not predict future results. Consult a qualified financial advisor before making investment decisions.View full disclaimer